All Forum Posts by: James Phillips

Hey Dan, 

Yes, I'd love to connect sometime. Nice job on moving forward on your new lot--best of luck on what you do with it next.

Brilliant post. I share your sentiments. Thanks for sharing your inspiration beyond merely making money. The finance obviously has to be right, but other things are often overlooked, such as the beauty that can be inherent in good architecture. Please do yourself a favor and watch this documentary by philosopher Roger Scrutton https://vimeo.com/549715999. He muses upon the importance of beauty, specifically in architecture, for the human soul. Architecture is everywhere among us--if it ugly, or if it has been build with only the function in mind, then what impact does that have on us? Also, if people are interested in returns then they should prioritize building beautiful things. The most beautiful buildings are the ones that generate the most economic value over time. 

In any case, I share your vision and I'm currently undertaking a similar plan of action. Reach out if you want to chat more. Let me know what you think about the doc!

No, basically they said that my land is big enough for two lots with one house on each. All I would need to do is divide it. Thanks for the heads up

My wife and I are going to sell our primary residence so that we can cash out of all the equity so that we can make RE investments. We're on a half acre and Ive already spoke with the city and my zoning is good for another house. I do not intend to build back there but my question is this: Can I list my house for more if I take care of the partition myself? Or do I just market the property as "dividable" and let the next people do it if they wish?

The idea here is obviously maximize equity and list for as much as possible.

Thanks

Hey Karen,

Yes, you're right. Communication doesn't mean automatic agreement. I guess it's just a matter of putting oneself into the shoes of another. When I started to talk to my wife about how REI will help us to be able to travel abroad (her favorite thing) she started to become intrigued. Once intrigued, more of a willingness to learn and get on board. It is likely that this won't work for everyone, it's just what worked for me. But I know this, if you can get to the heart of another, they're more interested in what you have to say. The path to the heart of a person is usually through their deepest desires. Hope this makes sense.

Hello Karen,

In my experience in marriage and from being the "fly by the seat of my pants" kind of person, I have found that when my wife isn't fully supportive its usually because she isn't fully informed, which is my fault. Maybe this isn't the case for you, but maybe the hesitation is because he doesn't fully understand your motivation is for jumping into REI. Try to show him how REI can help you spend more time on the thing you're passionate about and then help him see that you'd like him to join you in that. If you target his passions and help him see how they are possible then maybe he'll be more receptive. Make sure you've communicated well in your endeavor.

My wife was very hesitant with REI at first. There was a season where conflicts arose more often than normal and I realized that it was because she didn't feel like we were on the same team because I was just doing my thing in REI and I just assumed that she saw my vision. She didn't. Healthy marriage is much more important than REI. Hope this helps!

Good Luck!

@Paul Amegatcher

How are you getting the tax delinquent list? Can you get one on list source?

Hello BP, 

Ive got some questions about seller financing. I dont know much about it so a little education is needed. Here's the situation. I have a potential client who has a vacant house in my area and I know he owns it outright. Ive spoken with him a few times about purchasing his house and he doesn't like my cash price and to be honest I don't even think he likes me lol. He hates agents and I had to tell him that I was licensed. Anyway, I've heard of investors doing seller financing to give the owner a better price but get better terms. Can someone explain this? How are you coming up with the better price in exchange for terms? Im thinking of using this house as a rental so I'd like a little instruction of how to properly analyze something like this. Not even sure of what I'm not sure of on this topic so anything and everything is appreciated. Thanks!

@Walter Roby jr

Thanks man!

I have purchased a list from listsource.com and I now have it saved to my computer. What are people doing for getting them mailed out? I have stuffed them myself a million times and I want to use a service now. Any good ones? And do you just upload the list to whatever site and they do the rest? How does this work? Thanks!